EUR/USD analysis of the week (4h candlesticks)

By IBT Staff Reporter On 01/13/10 AT 5:12 AM

The parity still didn't succeed to break the resistance at 1.45 (1.4550 in extension). 1.4450 just acted as support for the second time (pullback on the last highest). A break out of of this level will allow the parity to go towards 1.44 in the first time and then to go towards the lower band of the bullish channel (1.43). We still wait the break out of 1.45 to advise long positions. Sell signals given by some indicators have not to be taken into account.